What is a Social Enterprise?
A social enterprise is an organization that applies commercial strategies to maximize improvements in financial, social, and environmental well-being. For The Good Shop this is what we call our “triple bottom line” where we measure impact in Education, Employment and Environment rather than profit.
The Good Shop is a not-for-profit organization (NGO or non-government organization) operating a social enterprise in the form of a second-hand shop.
As a nonprofit we have no shareholders or owners but rather a voluntary board of directors who decide how to use any excess funds raised through our sales to have a positive impact on the community. This model allows us to be self-sufficient, not relying on corporate or individual funding to continue our mission and activities.
As a social enterprise we make decisions differently than a typical business. For The Good Shop this looks like:
- Hiring people who need the opportunity most
- Doing what is best for the environment
- Investing in education for our employees and children coming from inherited poverty
- Partnering, not competing, with other organizations and nonprofits. We always look for ways to support others who are also doing good.